According to a new research report from analysts Berg Insight, the market value for intelligent transport systems (ITS) deployed in public transport operations in Europe was US$1.1 billion in 2014.
Growing at a compound annual growth rate of 7.2 percent, the market is expected to reach US$1.6 billion by 2019. Berg Insight says that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. In most countries, the fluctuating economic climat
According to a new research report from analysts 3849 Berg Insight, the market value for intelligent transport systems (ITS) deployed in public transport operations in Europe was US$1.1 billion in 2014.
Growing at a compound annual growth rate of 7.2 percent, the market is expected to reach US$1.6 billion by 2019. Berg Insight says that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. In most countries, the fluctuating economic climate has had limited effect on this market as the public investments which underpin a major part of ITS initiatives have remained stable throughout the periods of crisis in most countries.
A group of international aftermarket solution providers has emerged as the leaders on the European market for public transport ITS. The dominant providers are the629 Trapeze Group, 511 Init and IVU, all with European headquarters in the German-speaking region and substantial installed bases across a multitude of countries in Europe and beyond. Examples of companies with major market shares on national markets in Europe include 812 Ineo Systrans in France and 6256 Vix in the UK. Other significant players include the Spanish groups 509 Indra, 55 GMV and Grupo Etra, 129 Swarco’s subsidiary Swarco 1675 Mizar in Italy, Atron in Germany, Italy-based PluService, the Norwegian provider FARA and the Belgium-based company 839 Prodata Mobility Systems. 609 Volvo Group is moreover a notable player from the vehicle OEM segment, offering the ITS4mobility system in partnership with Consat Telematics in Europe.
“Similarly to adjacent telematics verticals, the European market for public transport ITS has in recent time seen a number of significant mergers and acquisitions,” said Berg Insight senior analyst Rickard Andersson. He mentions as examples the 2015 deals where Prodata Mobility Systems which was acquired by81 Kapsch CarrierCom and Sabatier Geolocalisation acquired SPIE Sud-Est’s Silvie business. Trapeze Group also acquired a large number of providers of complementary technology in 2012–2014.
Berg Insight anticipates that this consolidation trend will continue in the upcoming years. “Several players continue to have inorganic growth as a key strategy, so further mergers and acquisitions can be expected among telematics and ITS providers for public transport in 2015–2016,” concluded Andersson.
Growing at a compound annual growth rate of 7.2 percent, the market is expected to reach US$1.6 billion by 2019. Berg Insight says that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. In most countries, the fluctuating economic climate has had limited effect on this market as the public investments which underpin a major part of ITS initiatives have remained stable throughout the periods of crisis in most countries.
A group of international aftermarket solution providers has emerged as the leaders on the European market for public transport ITS. The dominant providers are the
“Similarly to adjacent telematics verticals, the European market for public transport ITS has in recent time seen a number of significant mergers and acquisitions,” said Berg Insight senior analyst Rickard Andersson. He mentions as examples the 2015 deals where Prodata Mobility Systems which was acquired by
Berg Insight anticipates that this consolidation trend will continue in the upcoming years. “Several players continue to have inorganic growth as a key strategy, so further mergers and acquisitions can be expected among telematics and ITS providers for public transport in 2015–2016,” concluded Andersson.
